The ABS has revealed 2.7 million Australians have had their jobs affected by the pandemic, with 900,000 losing their jobs completely and 1.8 million losing hours or being stood down. Meanwhile, in the US, the economic debate is increasingly centred around the need for more stimulus.
If we don’t know the cause of low wages growth, how on earth are we going to fix it?
The Reserve Bank knows that wages aren't growing, but doesn't know why, and doesn't know what level of unemployment is needed to get them growing.
This week: conservatives despising Trump, life under an abortion ban, contrasts in wages growth and halal Macca's.
Despite the lack of a big business tax cut, investment in Australia is on the rise — so much so that mining companies are now warning that workers might actually get real wages rises.
Another quarter, and more bad news for Australia's private sector workers with wage stagnation continuing.
Wage stagnation for Australian workers continued in the June quarter, with private sector employees falling behind inflation. It's become a hallmark of this Coalition government.
Despite the royal commission, the big banks made sure the financial year ended on a high note for investors — much better than workers.
For all his power, there are certain truths Malcolm Turnbull could never admit for fear of infuriating the right.